Legislators in New Hampshire have advanced a bill aimed at carving out regulatory exceptions for certain bitcoin businesses, public records show.
As reported by CoinDesk last month, New Hampshire's HB 436 seeks to create a regulatory exception for persons "using transactions conducted in whole or in part in virtual currency" who may otherwise be considered money transmitters under current laws.
Sponsored by state rep Barbara Biggie – with Representative Keith Ammon as a co-sponsor – the bill was passed along to the NH House Commerce and Consumer Affairs Committee. On 16th February, according to LegiScan, an 11-9 majority of the committee approved the bill to advance to the House floor for a vote, the date of which is not immediately apparent.
The bill also seeks to update the state's definitions for virtual currency with a revised version that would read:
Despite the movement, however, there's no guarantee that the bill will pass.
Image via Shutterstock
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.